Zimbabwe economy snapshot: Egyptair Resumes Harare Flights, Zim Alloys Doubles Output, Mall of Zimbabwe construction set to start, Cambria upbeat

Zim Alloys Doubles Output

In a positive development, Zimbabwe Alloys Chrome Limited says it had doubled monthly output during the first quarter of the year, buoyed by a $1 mln capital injection by shareholders early this year.

The firm ceased operations in 2008 due to lack of capital, but resumed operations last year.

Zim Alloys production manager Jabulani Chirasha said monthly output now stood at 600 metric tonnes. He said the capital injection was used to upgrade plant machinery - Herald, Thursday April 25

Construction of $100 mln Mall of Zim Set to Start Next Month

Moreover, the construction of West Properties' $100 mln Mall of Zimbabwe is expected to start anytime after May with the completion of a tender process expected to start early next month, West Group CEO Ken Sharpe said adding the property division of the diversified group plans to move on the construction site of the multi-million-dollar property in the plush Borrowdale area next month to start work - businessdigest, Friday April 26

Cambria Upbeat About Zim Investments

Zimbabwe remains attractive for investment due to positive gross domestic product, a steady increase in foreign direct investment and low inflation, a leading international firm has said. In its interim report for the six months to February 29, Cambria Africa plc chief executive officer Edzo Wisman said 2013 was a time for exploring regional opportunities to capitalise on the success built in Zimbabwe. Cambria Africa plc is a long- term, active investment company, building a portfolio of investments primarily in Zimbabwe - NewsDay, Friday April 19

Egyptair Resumes Harare Flights

Egypt's national carrier, Egyptair, resumes flights between Harare and Cairo in June after a nine year absence, and is offering a 20% discount on ticket purchases between April 8 to 30 and travel between June 1 and 21. The airline will deploy a 144-seater Boeing 737-800 to make four weekly flights on the route starting June 1.

Egyptair chairman and chief executive Captain Roshdy Zakaria said the new service between Harare and Cairo via Dar es Salaam will connect to the entire Egyptair network in the Middle East, Far East and Europe - Herald, Thursday April 18